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have difficulties determining where to place various transactions. debit/credit columns, what journals they belong on. What is the easiest way for me...
have difficulties determining where to place various transactions. debit/credit columns, what journals they belong on. What is the easiest way for me to get this?investment of 10.00
purchase on acct 25-terms 2/10 n/30
purc equi on acct 500
purch merchandise cash 100
purc merc on acct 50 1/10 n/30
sold mer on acct 700 terms 2/10 n/30
cash weeky sales 900
ret'd merch credit memo 200
paid salaries600
withdrew 500 form business personal use
paid power bill 60/
this is very confusing to me. please help with sorting out where these items belong.
thank you
AccountCashOwner's equity DebitCredit10001000 EquipmentAccounts payable 25 EquipmentAccounts payable 500 Merchandise inventoryAccounts payable 25 5005050 Accounts receivableSales revenue...